We have another week behind us and another increase in the capitalization of cryptocurrencies. Today it's over 594.5 billion USD. In seven days, it increased by approximately 181.5 billion USD. Bitcoin's dominance has dropped to 55.7%. However, the BTC rate in the last 24 hours has increased by over 6%.
The Bitcoin price has already reached almost 20,000 USD. As a result, CBOE could enter the futures market. The CME is tomorrow already - a much larger market, also introduces trade in futures contracts. Many financial analysts assume that the introduction of futures trading can mean the green light for new ETF Bitcoin funds. It may turn out that BTC quotes will again reach new ATH. The ETF for Bitcoin would provide investment and commercial opportunities for those who do not want to deal with buying and storing the cryptocurrency directly.
Back to the charts - we can see how the price realized the target 161.8% of external Fibo measurement of the last downward correction. It was a place just before the price of 20,000 USD. The potential end of the correction that begins to create may be support at 17,100 USD level. It will be a good place to buy.
If the correction is not fulfilled, the next place to buy will be a breakdown and retest from the top level of 20,000 USD. We set the medium-term target at 24 500 USD.
The Bitcoin price has already reached almost 20,000 USD. As a result, CBOE could enter the futures market. The CME is tomorrow already - a much larger market, also introduces trade in futures contracts. Many financial analysts assume that the introduction of futures trading can mean the green light for new ETF Bitcoin funds. It may turn out that BTC quotes will again reach new ATH. The ETF for Bitcoin would provide investment and commercial opportunities for those who do not want to deal with buying and storing the cryptocurrency directly.
Back to the charts - we can see how the price realized the target 161.8% of external Fibo measurement of the last downward correction. It was a place just before the price of 20,000 USD. The potential end of the correction that begins to create may be support at 17,100 USD level. It will be a good place to buy.
If the correction is not fulfilled, the next place to buy will be a breakdown and retest from the top level of 20,000 USD. We set the medium-term target at 24 500 USD.